How to become a millionaire (when you don't come from money).

5 Things Self-Made Millionaires Did Every Day Before They Got Rich

How to become a millionaire (when you don't come from money).

Staff Writer

Many people have the dream of becoming a millionaire. Of course, it’s easy when you come from money, or have wealthy relations backing your investments and business plans. When you have the funds, it’s easy to buy a franchise, or start a business you’ve been dreaming about since you were young.

But most people don’t come from money. Even though the most difficult part of becoming a millionaire is getting started, that dream of becoming financially successful is not out of reach.

Here are five ways to become a millionaire when you don’t come from money:

1. Do what you love.

So where do you start? The truth is that there are so many subjects out there and so many ways of making a living and getting rich that you are free to pick and choose the industry you are going into.

Pick something that genuinely interests you. That way, you will be motivated to keep learning about this subject until you are a subject matter expert or an industry expert. Your passion can make you rich if you play your cards right.

2. Put education first.

Schooling and education are the best investment that you can make. You know that saying that even if you take away a millionaire’s house and his possessions, he’ll always be able to get them back? That saying implies that the millionaire has amassed knowledge in addition to wealth. Unlike material goods, education can never be taken away from you.

Once you’ve learned something, it’s in your arsenal and it’s yours forever. When you are getting started on your dream of becoming a millionaire, focus on learning. Don’t keep your eye on the money at first.

This may mean that you may have to intern or work for free when you are getting started, to get the knowledge you need, or to get your name out there. Also, keep an open mind to study abroad programs, and individual courses that will offer you a skill set that wasn’t offered with your standard course work.

Don’t think that you have to make big gains in the beginning. Focus on the long term.

3. Learn something everyday–for free.

Even if you don’t have a lot of money to sink into a formal education, you need to keep learning. How, you ask? The Internet is a wealth of knowledge. Once you weed through everything, you should be able to find some gems that have something to teach you online.

Use the Internet to read up on world news, and to use the online encyclopedia. Whenever you have a question, look it up, so that you have that knowledge for next time.

4. Share your knowledge.

Once you become a subject matter expert, do share your knowledge. Accept invitations to write columns or articles for websites, even if they can’t pay you. It will build your reputation. Write a guide and provide it for free. It will get your name out there.

You need to create a reputation for yourself so that you are known as an expert. Later on, people will be more willing to support your business.

5. Don’t wait–get out there.

In conclusion, you don’t need a lot of money to get started. Of course, it’s nice, and might get you to your goal faster. But with a little hard work, a passion for learning about a niche that you love, you can amass enough knowledge to make a name for yourself.

Like this column? Sign up to subscribe to email alerts and you’ll never miss a post.
The opinions expressed here by columnists are their own, not those of

Read Next


UAE Retailers Are Being Warned Against Fudging Prices Ahead Of VAT

Inspectors are reportedly already monitoring retail prices ahead of the introduction of the VAT, which comes into force in the UAE on January 1, 2018.This means that retailers in Dubai who begin charging VAT... (contd.)
Challenging times demand resilience. This simple but powerful habit will help you cultivate it.

The Simple Morning and Evening Ritual That Will Give You Incredible Mental Strength

Think you're having a rough couple of days? (Or even a rough couple of years?) Then take a minute to consider what TEDxLehighRiver speaker Sarah Trimmer went through between 2011 and 2015:... (contd.)
Manage your team to properly set expectations and minimize the effects of success and failure.

4 Ways to Help Your Team Weather the Startup Storm

You've heard it many times before - "Startups are hard." There are numerous ups and downs along the path. Customer wins and customer losses are just part of the game. Rejections from... (contd.)
It's got a serious design flaw

What’s Wrong With Your “To Do” List

The "to do"list...a longtime tool of the uber-productive. For as long as we can remember, checklists and to do lists have been a vital part of our day planners, PDAs and later... (contd.)
In today's era of ruthless competition and continuous innovation, people don't want stodgy, confining job titles.

The 21 Most Creative Job Titles

In today's era of ruthless competition and continuous innovation, people don't want stodgy, confining job titles. Rather than calling employees by a traditional moniker, many leading companies opt to use more playful... (contd.)
- Advertisement -
Join Our Daily Newsletter
Sign up to get all the business news and intelligence that matters straight to your mailbox.
Join Our Newsletter !
Like This Article? Subscribe To Our Newsletter To Receive More Of Them Straight In Your Inbox
Contact Us.
Your Name
Thank you for your interest in Inc. Arabia. Please leave your contact details below, and we'll be in touch with you very soon.
Like This Article? Subscribe To Our Newsletter To Receive More Of Them Straight In Your Inbox